Suppose That Apple Computer Buys Computer Components for $10,000 and Uses

question 23

Multiple Choice

Suppose that Apple computer buys computer components for $10,000 and uses them to make ipods that they sell to Best Buy for $30,000.Best Buy sells these ipods for $32,000.As a result,GDP has risen by:

• A)$22,000
• B)$2,000
• C)$20,000
• D)$32,000

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Definitions:

Separation of Church and State

The separation of church and state is a principle that mandates the government must maintain an impartial stance on religious matters and prohibits the establishment of a state religion.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing such rights as the freedoms of speech, assembly, and worship.

Articles of Confederation

The original constitution of the United States, ratified in 1781, which was replaced by the U.S. Constitution in 1789 due to its inadequacies.

Magna Carta

A document signed in 1215 that established the principle that everyone is subject to the law, even the king, and guaranteed the rights of individuals.